Economy – Page 81 – THE OVAL CIRCLE

China coming out of Covid-19 crisis intact, like America emerged after World War II – entrepreneur tells Keiser Report

Posted on October 30, 2020October 30, 2020By Editor

Max Keiser talks to entrepreneur Dan Collins, who is back in the United States after 20 years in China. They discuss Washington’s ongoing trade war with Beijing. … Read More >China coming out of Covid-19 crisis intact, like America emerged after World War II – entrepreneur tells Keiser Report

Business

US economy may face unprecedented crash without another massive injection, Professor Wolff tells Boom Bust

Posted on October 30, 2020October 30, 2020By Editor

The US economy is currently crippled by two simultaneous crises – rising Covid infections and an economic crash that happens every several years – Professor Richard Wolff told RT’s Boom Bust. … Read More >US economy may face unprecedented crash without another massive injection, Professor Wolff tells Boom Bust

Business

Americans may not get more stimulus checks until Valentine’s Day, former Fed insider tells Boom Bust

Posted on October 29, 2020October 29, 2020By Editor

While hopes that a new coronavirus stimulus deal will be adopted before the election are fading, there is a possibility that Americans won’t see paychecks for months from now, ex-Fed insider Danielle DiMartino Booth believes. … Read More >Americans may not get more stimulus checks until Valentine’s Day, former Fed insider tells Boom Bust

Business

Almost 200 European airports may go bust, putting nearly 280,000 jobs at risk

Posted on October 28, 2020October 28, 2020By Editor

ACI Europe airports association warns that 193 airports are at risk of insolvency in the coming months if passenger traffic does not start to recover from the coronavirus shock. … Read More >Almost 200 European airports may go bust, putting nearly 280,000 jobs at risk

Business

Over half of Europe’s smaller firms may be bankrupt within a year – McKinsey poll

Posted on October 26, 2020October 26, 2020By Editor

More than 50 percent of small and medium-sized businesses (SMEs) operating in Europe’s top-five economic powerhouses fear they will have to close in 12 months as they’re struggling to stay afloat amid the coronavirus crisis. … Read More >Over half of Europe’s smaller firms may be bankrupt within a year – McKinsey poll

Business

Chinese & Indian households getting richer during Covid pandemic while wealth in US declines – Credit Suisse

Posted on October 25, 2020October 25, 2020By Editor

A new report by Credit Suisse has found that the coronavirus pandemic has led to a decline in individual wealth worldwide. However, household wealth in China and India has bucked the trend. … Read More >Chinese & Indian households getting richer during Covid pandemic while wealth in US declines – Credit Suisse

Middle East

Hariri returns as Lebanon’s prime minister, pledges to stop country’s economic collapse

Posted on October 23, 2020October 23, 2020By Editor

Former Lebanese PM Saad Hariri has been tasked with forming a new government, a year after his cabinet was toppled amid mass protests, and months after his successor’s government resigned after a deadly explosion in Beirut port. … Read More >Hariri returns as Lebanon’s prime minister, pledges to stop country’s economic collapse

Cracking down on poor people’? UK govt reportedly wants to deter Universal Credit fraud by snooping on claimants’ bank accounts

Posted on October 23, 2020October 23, 2020By Editor

The UK government reportedly plans to monitor bank account data in order to ensure that people receiving unemployment benefits aren’t cheating the system, sparking furor as the country suffers from record unemployment. … Read More >Cracking down on poor people’? UK govt reportedly wants to deter Universal Credit fraud by snooping on claimants’ bank accounts

Business

Democratic elections sweep may be good for stock market in the short-run, but ‘the dollar is going to get KILLED’ – Peter Schiff

Posted on October 22, 2020October 22, 2020By Editor

As markets begin to handicap the US presidential race, they seem to be viewing a Biden win as a positive for the stock market, which doesn’t really make sense, according to economist Peter Schiff. … Read More >Democratic elections sweep may be good for stock market in the short-run, but ‘the dollar is going to get KILLED’ – Peter Schiff

Business

Many lost US oil jobs may never return

Posted on October 18, 2020October 18, 2020By Editor

More than 100,000 jobs were lost in the US oil exploration and production industry between March and August this year, mostly as a result of the coronavirus pandemic. Another 35,000 jobs were shed in the downstream segment. … Read More >Many lost US oil jobs may never return